Talk of The Villages Florida - View Single Post - PART 2 Community development in financial crisis
Thread: PART 2 Community development in financial crisis
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Old 08-25-2010, 04:07 PM
downeaster downeaster is offline
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Quote:
Originally Posted by Russ_Boston View Post
The bottom line for me is that all 6 of the developments that are mentioned in the article seem to share one very major component:

NONE of them finished selling the homes that were planned. To date TV has sold every (give or take 100 or so in some form of bulding stage) single home. Yes, if the homes that were planned are not sold then of course the CDD will have trouble paying the bond.

These are not CDD's that were finished and now are having trouble. Buying in FLA can be risky but after you do your homework I think you come to the conclusion that I did: TV seems like a safe bet.

Will it be desirable forever? That might be another question. But I don't plan to live forever

Funny thing about the shadow's writing. It seems to be in the same style as Laureen Ritchie who used to post directly on this site. Hmmm!
Well said, Russ. They all share another important component and that is they all seem to have got in over their heads financially.

Personally, I would rather be in The Villages than in some smaller development with a large portion of homes in foreclosure. Things are bad out there whether it is a CDD or not.